Issue link: https://www.epageflip.net/i/24535
Friday, February 4, 2011 – Daily News – 3B NEW YORK (AP) — Stocks posted small gains Thursday after Federal Reserve chairman Ben Bernanke said the central bank will stick to its efforts to spur the economy. In a speech at the National Press Club, Bernanke said that the Fed expects the economy to improve this year and inflation to remain low despite the jump in commodity prices. “Chairman Bernanke basically indicated in his speech that he considers unemployment to be the bigger problem than inflation and that the Fed will continue to focus on that,” said Doug Roberts, chief market strategist at Channel Capital Research. The Federal Reserve is on track to buy $600 billion in bonds, a tactic known as quantitative eas- ing, aimed at spurring lending and making stock ownership more attractive. Some economists had Bernanke speech helps push stocks higher Wall Street worried that the Fed could end its bond purchases earlier than antic- ipated. Stocks had fallen for the most of the day as concerns over vio- lent protests in Egypt weighed against better-than-expected eco- nomic news in the U.S. Clashes continued in Egypt between pro- and anti-govern- ment demonstrators, leaving some analysts worried about the stability of the Middle East and the unrest’s impact on oil-rich countries throughout the region, such as Saudi Arabia. ‘‘That’s the fear,’’ said Peter Cardillo, chief market economist at Avalon Partners. But better-than-expected Janu- ary sales figures sent shares in retail companies higher. Con- sumer-discretionary companies in the Standard and Poor’s 500- stock index gained 1.2 percent after national chains reported that sales were nearly double what analysts had forecast despite heavy snowstorms in much of the nation. Shares in the consumer-discre- tionary companies were the best performers among the 10 compa- ny groups that make up the S&P index. Industrials companies were the only group to fall. Costco Wholesale Corp., Nordstrom Inc. and Gap Inc. all gained more than 4 percent. The S&P 500 — the bench- mark for most U.S. mutual funds — gained 3.07 points, or 0.2 per- cent, to close at 1,307.10. The Dow Jones industrial average rose 20.29 points, or 0.2 percent, to 12,062.26. The Nasdaq compos- ite rose 4.32 points, or 0.2 per- cent, to 2,753.88. New York Stock Exchange. Con- solidated trading volume came to 4.5 billion shares. Among the positive economic reports, the Labor Department said Thursday that fewer people applied for unemployment bene- fits last week. A separate report showed that worker productivity in December rose by its largest amount since 2002. Economists say many employers have reached the limit in terms of how much work they can squeeze from their employees. The Commerce Department said that factory orders rose in December, the fifth gain in six months. Rising shares outpaced falling ones by a small margin on the The better economic news pushed Treasury prices lower. The yield on the 10-year Treasury note rose to 3.55 percent from 3.48 percent late Wednesday. Bond prices move in the opposite direction from their yields. Tehama Country Real Estate THIS WEEK C & C PROPERTIES 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 AND ENTER THE PROPERTY CODE FROM THE AD. FORECLOSURES AND RESIDENTIAL HOMES UNDER $200,000 ~ $55,000 - 3 Bd, 2 Ba, - 1622 sq. ft. - prop code 4549 ~ $85,000 - 3 Bd, 1 Ba. - 1156 sq. ft. - prop code 4069 ~ $149,900 - 3 Bd, 2 Ba, - 1080 sq. ft. - prop code 4289 ~ $130,000 - 2 Bd, 2 Ba, - 1344 sq. ft. - prop code 4279 ~ $55,000 - 3 Bd, 2 Ba - 1622 sq. ft. - prop code 4549 ~ $109,000 - 4 Bd, 2 Ba, - 1799 sq ft - prop code 4039 ~ $129,900 - 3 Bd, 2 Ba, - 1450 sq. ft. - prop code 4109 ~ $155,000 - 3 Bd, 2 Ba, - 1611 sq. ft. - prop code 4339 ~ $185,000 - 3 Bd, 2 Ba. - 1386 sq. ft. - prop code 4529 ~ $178,900 - 3 Bd, 2 Ba. - 1427 sq. ft. - prop code 4099 www.redbluffcoldwellbanker.com See All Tehama County Listings at TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK WESTERN REAL ESTATE Commercial Properties For Sale: MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 • 760 Main St. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,750 sq/ft • 840 Main St. (Or lease) Major Price Reduction! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,400 sq/ft • 1870 Montgomery (Industrial) Major Price Reduction! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Acres • Flores Ave/I-5 ( Industrial / Ag , Duck Pond) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24, 53 or 62 Acres • 13545 Saint Marys Ave. (Or lease) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 sq/ft • 409 Walnut Stree t (Or lease) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4274 sq/ft Commercial Properties For Lease: • 455 S. Main Street 2.67 ac. (display room & shop) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 sq/ft • 22680 Antelope Blvd. (Former Tire Shop . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,600 sq/ft • 562 Antelope Blvd. (Residence & Office) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,200 sq/ft • 1156 Monroe St. (Roll-up Doors) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,580 sq/ft • 460 Antelope Blvd. (Retail space available in Holiday Market) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 to 3,000 sq/ft • 731-741 Main St. ( Upstairs ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . various size suites • 349 Pine St. (Office retail space) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 819 sq/ft • 225 Walnut St. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 sq/ft • 955 Main St. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,995 sq/ft • 22660 Antelope Blvd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 sq/ft • 22686 Antelope Blvd. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000 sq/ft • 726 Pine Street (Wa rehouse) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,250 sq/ft SAT., FEB. 5TH Or by appointment • 11:30 am - 1:30 pm Rio Vista Mobile Estates #92 ON THE RIVER, 2/2 Doublewide 1300 sqft $42,300 Call 527-7297 OPEN HOUSE • SAT. 1-3, 21730 PENNELEME RED BLUFF OPEN HOUSE $389,950 Impeccably maintained, incredibly elegant custom estate home on 7.99 acres. Spacious home boasts 2 fireplaces, formal living and dining, chef’s kichen with solid granite and stainless,hardwood floors,family room with soaring ceilings,large composite deck to enjoy the views of nature and landscaped yards. Large enclosed patio and a 560 sq. ft. basement (not included in sq. footage) Renee Kenyon SFR Call Suzy Noble @ 530.527.2151 ext 103 To place your ad JUST LISTED. 960+/- sf - 2 bedroom, 2 bath mobilehome located on .49 of an acre in the Antelope School Dist. Covered front and back porches. Many fruit and shade trees, perimeter fencing and outbuildings. Owners may carry. Asking..................................................................................$87,900 Bear’s Den Real Estate 530-339-6769 www.ReneeKenyon.com Short Sale and Foreclosure Specialist REALTY INC. 660 Main St., Red Bluff (530)529-2300 GIPSON Lic#01806926 Ben Gipson, Broker........................Res. 527-4031 Kim Miller, Realtor®.................................840-0733 Donna Harmon, Realtor®........................200-4267 www.gipsonrealty.com FELL OUT OF ESCROW. Beautiful newer home that backs up to green belt. Well maintained 1,500+sf – 3 bedroom, 2 bath home with a dining room and breakfast nook. 2 car attached garage and a large back yard for the kids or pets. Located in the McCoy area.............................................$185,000 MAJOR PRICE REDUCTION. 51 irrigatable acres with a 2 bedroom, 1 bath home w/2 car garage. Property is fenced and cross fenced, some fruit trees and lots of shade trees. 40 miners inches of water comes with property. Great views of Mt. Shasta and eastern range. Now only..................... $450,000 GREAT CUL DE SAC LOCATION. Large 2 bedroom, 2 bath mobile home with a living room & family room, formal dining area, gas log stove, walk in closet and breakfast bar. Big front decking, detached garage and a shed...........$130,250 GREAT CORNER LOCATION. Busy printshop/copy center located in downtown Red Bluff on a corner lot. Repeat clientele, plenty of public parking, some equipment included. 2,500sf building has 3 units and private parking. Possible small owner carry. Business and building for............. $850,000 LOTS, PARCELS AND ACREAGE One share of 14,080 acres. Recreation property. Only..........$1,200 11 acres paved road frontage, west of Red Bluff.................$37,500 75 x 115 C2 Lot in City limits. Services avail. Paved Rd....$44,000 38+ acres in gated area. Rolling/steep, oaks/pines...........$59,000 4 lots, condo potential. In Red Bluff city limits...................$60,000 8.29 acres, area of quality homes, oaks, wildlife..................$64,000 1⁄4 acre Zoned Com. Good access and visibility...............$155,000 PRICE REDUCED. Very neat and clean 2,200+/-sf – 4 bedroom, 2 1⁄2 bath home on a large corner lot. Central heat and air, fireplace, and a detached carport. Good location for schools and shopping in Corning. Possible owner carry with sufficient down. Great price per square foot at...........$149,000 10 acre parcels, Road is in and lots are ready to build on. 8 to choose from starting at......................$62,000 DAIRYVILLE AREA 11.33 great views, partially fenced, paved frontage.........$125,000 5.6 acs, Cul-de-sac location, level with views......................$65,000 42.18 acres, Zoned EA-AP, paved road, great views........$135,000 MLS